About IndusInd Bank

The IndusInd bank is one of the private banks which has been established with the equal contribution by the Indian residents as well as the Non-Resident Indians. The bank has established the vision of the founder of Hinduja group and renowned NRI businessman Mr. S.P. Hinduja. The headquarter of the bank ios in the commercial capital of India, Mumbai. The bank was inaugurated by then Finance minister Sh. Manmohan Singh. The bank was established to contribute to the developing economy and social sector. The bank was set up in the year 1994 with the capital value of 1000 million. Out of this money, around 600 million was raised by the Indian Residents and rest was raised and contributed by the NRIs. The bank is growing leap and bounds and has currently around more than 1000 branches and 1,800 ATMs to cater the requirements of the customers.

The name of the bank has been influenced by the famous and ancient Indus valley civilization. The bank is determined to keep the spirit of innovation along with the trade and business practices intact. The aim of the bank is to provide the valuable and beneficial solutions to the financial problems of the clients. It wants to expand its global reach and has started three representative office internationally in London, Abu Dhabi, and Dubai. The bank also wants to become the forerunner in terms of profitability, productivity, and efficiency. The customer responsiveness is one of the important factors. It proposes to increase the number of branch, profit, and client within three years. The bank wants to add the value to its stakeholder and give them the best output for trusting in them. Its main focus is to deliver the best and become a value-oriented asset for all those who are associated with it.

Products Offered by the IndusInd Bank in Mumbai

The products that are offered by the IndusInd bank is tailor- made for the customer to give them the solution at the time of financial need and emergency. The lack of fund can no longer stop you to achieve your goal. The bank has so much to offer from its financial kit to provide the best solution to your fund requirements like the personal loan, loan against property, home loan, gold loan, fixed deposit etc. IT has also introduced many innovative services like video branch, cash on mobile, my account my number etc to provide more customized services to the customers.

Basic details about IndusInd Bank products

Product

Eligibility

Loan Amount

Interest Rate

Processing Fee

Tenure

Home Loan

The age of the applicant should be between 21 - 65 years

Salaried individuals with minimum 3 years experience

Business concerns, professionals and self-employed individuals working in the line of business/ profession for at least 3 years

Depend upon the individual's income and profile.

8.35% - 8.95%

0.50% of the loan amount

Up to 30 years or until attaining age of 70 years

Personal Loan

The age of the applicant should be between 21 - 60 years ( for the salaried individual) and 25-65 (for the self- employed professional or businessman)

The minimum net salary should not be less than ₹ 25,000 per month for the salaried IndividualFor the self- employed businessmen or professionals the minimum annual net income should be ₹ 4.8 lakh for last 2 years.

The salaried individual should have the minimum experience of 2 years in the job and at least 1 year at the current organisation.For the self employed professionals the minimum work experience should be at least 4 years and at least 5 years of work experience post qualification for the self- employed businessman.

For the salaried individuals- You should at least have 1 year stay at the current residence.

The age of the applicant should be between 21- 60 years for salaried individuals and 21- 65 years for self- employed.

Minimum annual gross salary of the individuals should ₹ 2.50 lakh for salaried individual and minimum net profit for the self- employed should be ₹ 2 lakh.

The salaried individuals Should have minimum work experience of 3 years and at least 1 year with the current employer.The self- employed should have the minimum experience of 3 year in the current business or professions.

The applicant must have the residential stability. The minimum stay in the city should be at least 3 years and minimum stay of 1 year in the current residing house.The CIBIL score should be 600 and above. Should not have negative or caution profile.

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